The artist half of the Terraria dev team (Tiy) left Re-Logic to join Chucklefish, who are now "relatively far along" in their new game Starbound.
Redigit has now stated that he is going to make a successor to Terraria.
[Edited by Jethro, 3/6/2012 1:51:12 PM]
Same exact issue for me. Program has been working wonderfully (testament to our awesome cheathappens team) until yesterday, or the day before I noticed that upon activation, the "activated/deactivated" sound files are spammed until I close the trainer. I'm also running win7/64. If anyone has found a solution or procedure to remedy this issue please link/reply response muchos gracias.
Edit: Apparently it hasn't been updated as the project is no longer going as I just read above... Not sure what my problem is. Also, my computer is entirely up to date and I tried simply playing for a long period of time and then activating the trainer, no luck.
[Edited by Viusing, 7/14/2012 9:19:08 AM]
But it's been working for me so far
Terraria specifies that it requires .NET 4. In our case we had .NET 4.5 installed and the trainer would NOT work. Downgrading to .NET 4 solved the issue and the trainer works.
This is because .NET does not carry all the previous stuff of the older releases. If you need something that requires version 4, you MUST have version 4 installed (4.5 won't work). Same thing goes for the older versions (if you have something that requires version 3, 3.5, 2, etc, you MUST have the respective versions of .NET installed). The only exception to this are service packs (denoted with .NET 4 SP1 or something similar).